Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Debt relief extended for people in the tourism sector affected by the pandemic
Fri, Jul 23, 2021, 09:54 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 23, Colombo: The government has taken steps to extend the debt relief period by another six months for the people in the tourism sector which has been affected hard by the Coronavirus pandemic.

Accordingly, the loan concession has been extended until December 31, according to the Ministry of Tourism.

A senior official of the Ministry of Tourism has told Lankadeepa that there are over Rs. 300 million loans taken by the hotel sector at present and that the commercial banks are also under severe pressure as most of them have obtained loans through commercial banks.

The Ministry of Tourism has requested the Treasury to obtain a concessionary loan from the World Bank or the Asian Development Bank to repay the loans of these commercial banks, the senior official of the Ministry further said.

The official pointed out that the entire loan amount could be re-registered with the relevant commercial banks as a new loan.

With the third wave of the pandemic severely affecting the Industry, Sri Lanka Tourism has recently requested new relief from the Central Bank of Sri Lanka in addition to the extended debt moratorium from banks and finance companies, as well as concessionary working capital which was arranged for the industry in 2020/2021.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka’s first night safari park to be set up in Pinnawala
-- [1 minutes ago]
Ambassador Cindy McCain meets with Sri Lankan President Ranil Wickremesinghe
-- [40 minutes ago]
Police battle with robbers to recover hijacked petrol bowser
-- [1 hour and 6 minutes ago]
Paddy Marketing Board buys over 570 MT of paddy crop from Vavuniya farmers
-- [1 hour and 26 minutes ago]
Value Added Special Rice Flour Production Project launched
-- [2 hours ago]
GCE A/L students to be awarded scholarships from the President’s Fund
-- [3 hours ago]
President lto eave on official visit to Japan and Philippines
-- [3 hours ago]
Sri Lanka Customs nabs Buddhist monk attempting to smuggle illegal items worth over Rs.30 million
Aeroflot to resume services to Sri Lanka from the 9th October
Sri Lanka pledges to ‘build back better’ from the current crisis

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.